Tod’s tries again to exit the stock market, this time with L Catterton

Tod’s is embarking on another attempt to go public, this time with L Catterton, a private equity firm backed by LVMH. According to the terms of the agreement, the move is designed to provide the company with more agile management and reduce listing costs. The move marks the second attempt in less than two years to privatize the company.

 

The Della Valle family, head of Italian luxury shoe manufacturer Tod’s, has announced a new attempt to delist from the Milan Stock Exchange, this time in partnership with L Catterton, a private equity firm backed by French giant LVMH.

 

The aim of this operation, according to L Catterton, is to offer Tod’s “greater management and organizational flexibility, with faster decision-making”, while reducing management and listing costs.

 

“I am very pleased to announce this transaction, which will bring additional benefits to the future development of the Tod’s Group, built through continuous investments and ambitious goals,” said Tod’s CEO and founder Diego Della Valle.

 

The move follows a first abortive attempt at privatization in 2022, when the founding family failed to reach the necessary 90% shareholding threshold.

 

“We believe that leaving the stock market – with which we have always had an excellent relationship – is the most appropriate strategic choice,” added Diego Della Valle.

 

Operation parameters

 



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Featured photo : © Tod’s

Picture of Hugues Reydellet
Hugues Reydellet
Hugues Reydellet is a young and passionate journalist whose favorite subjects are economy, culture, gastronomy, but also cars, and sports. With a sharp pen and an insatiable curiosity, Hugues is constantly on the lookout for new hot information to report.

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